SC asks govt to consider taking over Unitech, complete unfinished projects

Top court hints at starting CBI probe against Unitech, orders withdrawal of special facilities to incarcerated Chandras

The Supreme Court on Thursday asked the government to study the possibility of taking over beleaguered realty firm Unitech Ltd and completing its pending projects to protect the interest of the homebuyers, noting that the court lacked expertise in finance or real estate.

The apex court also ordered the withdrawal of all facilities given to Unitech promoters Sanjay Chandra and his brother Ajay Chandra, who have been lodged in Delhi’s Tihar jail since August 2017 for allegedly siphoning off the homebuyers’ money. The court said the Chandra brothers should be treated like ordinary prisoners in accordance with the prison manual.